The typical owner-occupied home in Lodi is worth about $158,600, 26% below the Ohio median of $214,800 and 52% below the national median of $332,700. Owners pay a median $2,376 a year in property taxes, about 1.50% of their home's value, higher than the Ohio rate of 1.31%. The median household earns $51,914 a year, so the median home costs 3.1 times the median income (3.0 times for Ohio). 67% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Lodi at a glance
| Lodi | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $158,600 | $214,800 | $332,700 |
| Median property tax paid per year | $2,376 | $2,822 | $3,119 |
| Property tax as a share of value | 1.50% | 1.31% | 0.94% |
| Median household income | $51,914 | $71,389 | $80,734 |
| Homes lived in by their owners | 67% | 67% | 65% |
| Owner homes with a mortgage | 52% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,132 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 22.7% | 18.6% | 21.0% |
| Median rent | $902 | $1,034 | $1,413 |
| Rent as a share of renters' income | 24.5% | 28.3% | 30.6% |
| Median year homes were built | 1961 | 1970 | 1980 |
| Vacant homes | 6.2% | 8.1% | 10.1% |
| Population | 2,783 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Lodi
At this week's average 30-year rate of 7.11%, buying the median Lodi home of $158,600 with 20% down costs about $1,118 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,382, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $47,908 for the 20%-down payment. That payment is 26% of the median Lodi household income of $51,914; at that income and 20% down, the 28% guideline points to a home of about $172,000.
The median rent here is $902 a month, so owning the median home costs about $216 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,720 |
|---|---|
| Loan amount | $126,880 |
| Principal and interest | $854 |
| Property taxes (1.50% a year) | $198 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $1,118 |
Change the numbers in the calculator
| Down payment | $5,551 |
|---|---|
| Loan amount | $155,727 |
| Principal and interest | $1,048 |
| Property taxes (1.50% a year) | $198 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,382 |
Change the numbers in the calculator
Questions about home buying in Lodi
What is the median home value in Lodi?
About $158,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lodi?
Homeowners pay a median $2,376 a year, which is about 1.50% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Lodi?
For the median home with 20% down at 7.11%, the payment is about $1,118 a month. Keeping that under 28% of gross income takes about $47,908 a year.
More about Lodi
- Mortgage Refinance in Lodi
- Debt Relief in Lodi
- Home Equity Loans in Lodi
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data